The historical rank and industry rank for National Refinery's Net Margin % or its related term are showing as below:
KAR:NRL'
s Net Margin % Range Over the Past 10 Years
Min: -5.4 Med: -0.11 Max: 8.2
Current: 2.33
KAR:NRL's Net Margin % is ranked worse than 55.02% of 916
companies
in the Oil & Gas industry
Industry Median: 3.435
vs KAR:NRL: 2.33
National Refinery (KAR:NRL) Net Margin % Explanation
Although Net Income and Earnings-per-Share (EPS) are the most widely used parameter in measuring a company's profitability and valuation, it is the least reliable. The reason is that reported earnings can be manipulated easily by adjusting any numbers such as Depreciation, Depletion and Amotorization and non-recurring items.
But the long term trend of the net margin is a good indicator of the competitiveness and health of the business.
National Refinery Net Margin % Related Terms
National Refinery Net Margin % Historical Data
* Premium members only.
The historical data trend for National Refinery's Net Margin % can be seen below:
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
For the Oil & Gas Refining & Marketing subindustry, National Refinery's Net Margin %, along with its competitors' market caps and Net Margin % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
National Refinery Net Margin % vs Oil & Gas Industry
For the Oil & Gas industry and Energy sector, National Refinery's Net Margin % distribution charts can be found below:
* The bar in red indicates where National Refinery's Net Margin % falls into.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
National Refinery (KAR:NRL) has a Net Margin % of 6.24% as of Mar. 2026. Net margin is the ratio of total net income to net sales. View historical data on National Refinery and its competitors. According to the industry distribution chart, National Refinery ranks #504 out of 916 companies in the Oil & Gas industry, placing it in the top 55%.
Is National Refinery's Net Margin % too high?
National Refinery's current Net Margin % is 6.24%. The Oil & Gas industry median Net Margin % is 3.44. National Refinery's value of 6.24% is 81.7% above this industry median. Based on the distribution chart, National Refinery ranks #504 out of 916 companies in the Oil & Gas industry, which is below the industry midpoint. Overall, National Refinery has a GF Score™ of 70/100 and is considered Fairly Valued, reflecting its overall financial health beyond just this single metric.
How does National Refinery's Net Margin % compare to VLO and MPC?
According to the Oil & Gas industry distribution chart, National Refinery ranks #504 out of 916 companies for Net Margin %. This places National Refinery in the lower half of its industry. The industry median Net Margin % is 3.44. National Refinery's value of 6.24% is 81.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Net Margin % for an Oil & Gas company?
The median Net Margin % among Oil & Gas companies is 3.44, based on 916 companies in the industry. Companies in the top quartile (top 25%) have a Net Margin % significantly above this median, while those in the bottom quartile fall well below. However, Net Margin % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. National Refinery's current Net Margin % of 6.24% is 81.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Net Margin % mean?
A high Net Margin % can signal that a stock is expensive relative to its fundamentals. Net margin is the ratio of total net income to net sales. View historical data on National Refinery and its competitors. For the Oil & Gas industry, the median Net Margin % is 3.44 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. National Refinery's current Net Margin % is 6.24%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is National Refinery stock overvalued right now?
Based on GuruFocus' analysis, National Refinery (KAR:NRL) is currently considered Fairly Valued. The stock's GF Value™ is ₨330.68, compared to a current price of ₨365.16 — trading 10.4% above its estimated fair value. The current Net Margin % is 6.24% and 81.7% above the Oil & Gas industry median of 3.44. National Refinery's overall GF Score™ is 70/100 with 2 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Net Margin % calculated?
Net Margin % is calculated from a company's financial statements. For National Refinery (KAR:NRL), the current Net Margin % is 6.24% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.
Is National Refinery (KAR:NRL) Overvalued in 2026?
Based on GuruFocus' analysis, National Refinery stock appears to be overvalued.
The current stock price of ₨365.16 is trading 10.4% above its estimated GF Value™ of ₨330.68.
GuruFocus considers National Refinery to be Fairly Valued.
Key valuation signals for KAR:NRL:
Net Margin %: 6.24%
GF Value™: ₨330.68 vs. price of ₨365.16 (10.4% above fair value)
Industry Position: 81.7% above the Oil & Gas median (#504 of 916)
No single metric tells the full story. See the KAR:NRL stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.
National Refinery Ltd is a Pakistan-based company engaged in manufacturing and supplying fuel products, lubes, BTX, asphalts and specialty products for domestic consumption and export. It is also involved in the crude oil refining business. The company operates through two segments namely Fuel and Lube. The Fuel segment, which is the key revenue driver, is engaged in the production of high-speed diesel, naphtha, motor gasoline, liquefied petroleum gas, jet fuels, and furnace oil. The Lube segment produces multiple grades of lube base oils, bitumen, waxes and rubber process oil and some quantities of other fuel products. It derives maximum revenue from Fuel Segment.
70GF Score
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